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Federal and State Technology Partnership Program

  • Granting Agency: Small Business Administration, Office of Investment and Innovation
  • Appropriation Amount: $1,000,000
  • Aggregate Maximum Grant Amount: $125,000, 50% matching requirement
  • Announcement Date: April 16, 2021
  • Closing Date: June 3, 2021

SB-OIIFT-21-001 Federal and State Technology Partnership Program (FAST)

Purpose:
The Federal and State Technology (FAST) Partnership Program provides funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards from women, socially/economically disadvantaged individuals, and small businesses in underrepresented areas – typically rural states.

Eligible Expenditures:
Funds provided under the FAST Program must be used solely for the purposes stipulated in this Announcement and the Notice of Award and may not be commingled with any other monies. All costs proposed in an Applicant’s budget must meet the tests of allowability, allocability, and reasonableness set forth in the applicable Office of Management and Budget (OMB) cost principles (2 C.F.R. 200, Subpart E). Indirect costs will be stipulated in an Applicant’s indirect cost rate agreement. SBA will not reimburse Applicants for their proposal preparation costs, but Non-federal entities may request preaward costs. Pre-award costs must directly relate to the conduct of the project and meet the tests of allowability, allocability, and reasonableness.

Eligible Applicants:

  • Be a public or private entity, organization, or individual that intends to use funding awarded under this Announcement to provide outreach, financial support, and/or technical and business assistance to next generation R&D-focused small businesses in order to increase SBIR/STTR proposals and awards; and
  • Be endorsed by the appropriate state governor or their authorized designee as the only approved applicant from that state.

Agency Contacts:
Program Requirements or Technical Assistance: FAST@sba.gov